Bioelectronics Corp (BIEL)

[The_Pro]

Notes can be forgiven or negotiated to ten cents on a dollar.

Hypothetically, if BIEL were to be sold,
Kelly could say to the new owners pay off all loans that they are encumbered with. Since Kelly has ONLY 37 million shares she could elect to convert some of her note to shares. Say 500 million. Plus note pay off, she could make a nice, outgoing, golden parachute.

In the mean time, it's a great holdover, poison pill. If share hoarding takes place, with a hostile takeover, Kelly simply converts.

Then at time of sale, Kelly could simply retire stock "to a dead wallet" LOL.